Division of the Budget
Landon State Office Building Phone: (785) 296-2436
900 SW Jackson Street, Room 504 adam.c.proffitt@ks.gov
Topeka, KS 66612 http://budget.kansas.gov
Adam C. Proffitt, Director Laura Kelly, Governor
Division of the Budget
January 27, 2025
The Honorable William Sutton, Chairperson
House Committee on Insurance
300 SW 10th Avenue, Room 218-N
Topeka, Kansas 66612
Dear Representative Sutton:
SUBJECT: Fiscal Note for HB 2044 by House Committee on Insurance
In accordance with KSA 75-3715a, the following fiscal note concerning HB 2044 is
respectfully submitted to your committee.
HB 2044 would require third party administrators of life or health insurance coverage to
maintain a separate fiduciary account for each payor and the account would not be allowed to
contain funds collected or held by the administrator on behalf of multiple payors. The bill would
also require an administrator to disclose to the Insurance Commissioner any chapter 9 or 11
bankruptcy filed by or on behalf of the administrator under the United States Bankruptcy Code.
The Kansas Department of Insurance states that the bill would not have a fiscal effect.
Sincerely,
Adam C. Proffitt
Director of the Budget
cc: Kyle Strathman, Insurance Department